SG Americas Securities LLC Buys Shares of 36,240 Verra Mobility Corp (NASDAQ:VRRM)

SG Americas Securities LLC purchased a new stake in shares of Verra Mobility Corp (NASDAQ:VRRM) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 36,240 shares of the company’s stock, valued at approximately $816,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VRRM. Smartleaf Asset Management LLC grew its stake in shares of Verra Mobility by 245.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,309 shares of the company’s stock valued at $56,000 after acquiring an additional 1,640 shares during the period. Aster Capital Management DIFC Ltd lifted its holdings in Verra Mobility by 585.1% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 4,720 shares of the company’s stock valued at $114,000 after purchasing an additional 4,031 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Verra Mobility in the fourth quarter worth approximately $129,000. PNC Financial Services Group Inc. increased its stake in shares of Verra Mobility by 6.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,381 shares of the company’s stock worth $154,000 after purchasing an additional 409 shares in the last quarter. Finally, BankPlus Trust Department purchased a new stake in shares of Verra Mobility in the fourth quarter worth $184,000.

Verra Mobility Stock Performance

Shares of VRRM stock opened at $23.99 on Friday. The company has a current ratio of 2.19, a quick ratio of 2.10 and a debt-to-equity ratio of 3.45. Verra Mobility Corp has a 12-month low of $19.51 and a 12-month high of $31.03. The business’s 50 day moving average is $23.20 and its two-hundred day moving average is $23.64. The company has a market capitalization of $3.82 billion, a P/E ratio of 119.95, a P/E/G ratio of 2.30 and a beta of 0.76.

Verra Mobility (NASDAQ:VRRM) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. Verra Mobility had a net margin of 3.88% and a return on equity of 51.05%. The firm had revenue of $223.25 million for the quarter, compared to analyst estimates of $216.94 million. During the same period in the previous year, the business posted $0.27 earnings per share. Verra Mobility’s quarterly revenue was up 6.5% on a year-over-year basis. Analysts expect that Verra Mobility Corp will post 1.08 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

VRRM has been the subject of a number of research reports. UBS Group dropped their target price on shares of Verra Mobility from $31.50 to $29.50 and set a “buy” rating for the company in a research report on Thursday, May 8th. Morgan Stanley dropped their price objective on shares of Verra Mobility from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Baird R W raised Verra Mobility from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 22nd. Finally, Robert W. Baird boosted their target price on Verra Mobility from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Thursday, May 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Verra Mobility currently has a consensus rating of “Buy” and an average price target of $27.38.

Insider Buying and Selling at Verra Mobility

In related news, insider Jonathan Keyser sold 18,719 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $24.28, for a total value of $454,497.32. Following the completion of the sale, the insider now owns 1,179 shares in the company, valued at $28,626.12. This trade represents a 94.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.05% of the stock is currently owned by insiders.

Verra Mobility Company Profile

Verra Mobility Corporation provides smart mobility technology solutions and services in the United States, Australia, Canada, and Europe. It operates through three segments: Commercial Services, Government Solutions, and Parking Solutions. The Commercial Services segment provides automated toll and violations management, and title and registration services to rental car companies, fleet management companies, and other large fleet owners.